TIAA Trust National Association Sells 1,328 Shares of Invesco QQQ $QQQ

TIAA Trust National Association lowered its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,782 shares of the exchange traded fund’s stock after selling 1,328 shares during the period. TIAA Trust National Association’s holdings in Invesco QQQ were worth $15,478,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Warm Springs Advisors Inc. raised its position in Invesco QQQ by 25.7% during the third quarter. Warm Springs Advisors Inc. now owns 9,398 shares of the exchange traded fund’s stock worth $5,642,000 after acquiring an additional 1,922 shares in the last quarter. Fifth Lane Capital LP acquired a new position in shares of Invesco QQQ during the 3rd quarter worth about $4,203,000. Charter Research & Investment Group Inc. increased its stake in shares of Invesco QQQ by 3.9% during the 3rd quarter. Charter Research & Investment Group Inc. now owns 2,165 shares of the exchange traded fund’s stock worth $1,300,000 after purchasing an additional 81 shares during the last quarter. Banco Santander S.A. raised its holdings in shares of Invesco QQQ by 17.0% in the 3rd quarter. Banco Santander S.A. now owns 52,063 shares of the exchange traded fund’s stock valued at $31,257,000 after purchasing an additional 7,561 shares during the period. Finally, Mill Creek Capital Advisors LLC lifted its stake in Invesco QQQ by 1.9% in the 3rd quarter. Mill Creek Capital Advisors LLC now owns 9,533 shares of the exchange traded fund’s stock valued at $5,724,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $607.29 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The stock’s 50 day moving average price is $616.27 and its two-hundred day moving average price is $606.29.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69.

Invesco QQQ Company Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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